Smart Investment! Two Hedge Fund Titans Bet Big on Alphabet-C

Two of the more aggressive hedge funds in the market have disclosed new positions in Alphabet-C, the parent company of Alphabet-C-C-C-C-C-C-C stock.

As of March 31, Bill Ackman's Pershing Square Capital Management held about $1.1 billion worth of Alphabet-C-C-C-C-C-C-C, while Third Point, led by investor Dan Loeb, held $492 million worth of Alphabet-C-C-C-C-C-C-C shares.

As of Monday's close, Loeb's holdings were worth $553 million, while Ackman's were worth about $1.2 billion, up about 12% since March 31.

It can be speculated that the two savvy investors saw an obvious buying opportunity and then made their move.

Most of Pershing's holdings are in Alphabet-C C-class stock, which has no voting rights, with a small portion in Alphabet-C A-class stock.

Smart Investment

Meanwhile, don't forget that in February of this year, Alphabet-C-C-C-C-C-C-C's stock price suffered a sharp sell-off.

From February 7 (the day Microsoft's new Bing was released) to February 24, Alphabet-C-C-C-C-C-C-C's stock price fell 17%, then rose 34% since then.

The 13F filings disclosed the holdings of Pershing and Third Point, but did not give their purchase prices, but in any case, this seems to be a smart investment.

In recent months, Alphabet-C-C-C-C-C-C-C has responded more positively to investors' concerns about capital management and costs. The company laid off 12,000 people in January and announced a $70 billion stock buyback plan in April.

But there are still several issues that concern Alphabet-C-C-C-C-C-C-C investors. As of the first quarter, the company had net cash of over $100 billion and does not pay dividends, unlike Microsoft and Apple.

In addition, in the first quarter of this year, Alphabet-C-C-C-C-C-C-C's other businesses, including Alphabet's self-driving car business, had operating losses of $1.2 billion, and overall revenue decreased by about 7%.